Originally Posted by Bobh2011
Just a quick question.
I let on a long term basis and have a great tenant occupying the property at present for just over a year now and had the usual yearly contract which has expired.
The tenant due to work circumstances doesn't want to do another year contract just do month by month.
As the tenant is now doing a month by month I was considering increasing the rent by €15pm.
Does this seem unreasonable?
You have a choice of types of lease -
1. A fixed term for a short period say 3 months.
2. A Part 4 tenancy which the tenant already has as he hasn't signed a new lease however, as the tenant has been in occupation for more than 1 year but less than 2 years, he is required to give you 42 days notice.
3. A periodic monthly lease which allows either tenant or landlord to terminate the tenancy with one month's notice, by either side.
As has been said, if you have a good tenant who pays on time why rock the boat for €15pm? Is it in part to cover the household charge. Remember, that id he leaves you may be out of pocket for well more than a month's rent.
With an initial short term lease one would expect to pay slightly higher rent to cover registration with the PRTB more than once a year.